GEOOCONSTRUCT: what changed
What changed
GEOOCONSTRUCT
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€171,713
2024 · €26,815+€144,898
Equity
€326,548
2024 · €204,835+€121,713
Cash
€596,646
2024 · €521,235+€75,411
Balance sheet total
€2.0m
2024 · €2.1m-€106,282
Largest movements
Assets
- Receivables within one year -€122,262
down €122,262 (-19.3%), from €632,015 to €509,753
of which Other amounts receivable: -€83,644
- Cash +€75,411
up €75,411 (+14.5%), from €521,235 to €596,646
mainly Net result for the year (+€171,713) and Receivables within one year (+€122,262)
- Tangible fixed assets -€35,335
down €35,335 (-6.8%), from €516,684 to €481,349
of which Land and buildings: -€24,021
Equity and liabilities
- Accrued charges and deferred income -€130,872
no longer reported in 2025 (was €130,872)
- Trade debts -€127,577
down €127,577 (-10.0%), from €1.3m to €1.1m
- Profit (loss) carried forward +€121,713
up €121,713 (+281%), from €43,248 to €164,960
- Tax, wage and social debts +€51,959
up €51,959 (+267%), from €19,489 to €71,449
of which Taxes: +€38,461
- Debts after one year -€28,118
down €28,118 (-7.7%), from €366,686 to €338,568
Income statement
- Gross operating margin +€424,401
up €424,401 (+255%), from €166,738 to €591,139
- Write-downs +€274,143
new in 2025: €274,143
- Taxes +€23,058
up €23,058 (+127%), from €18,127 to €41,184
- Staff costs -€9,522
down €9,522 (-15.0%), from €63,450 to €53,928
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€26,815
Gross operating margin
+€424,401
Staff costs
+€9,522
Depreciation
+€5,269
Write-downs
-€274,143
Other operating charges
-€1,431
Financial income
+€90
Financial charges
+€4,247
Taxes
-€23,058
Result 2025
€171,713
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€156,382
Investment
€0
Financing
-€80,972
Cash 2024
€521,235
From operations (derived)
+€156,382
Net result for the year
+€171,713
Depreciation
+€37,053
Receivables after one year
+€19,678
Receivables within one year
+€122,262
Deferred charges and accrued income
+€2,700
Trade debts
-€127,577
Tax, wage and social debts
+€51,959
Other debts
+€9,466
Accrued charges and deferred income
-€130,872
Financing
-€80,972
Debts after one year
-€28,118
Current portion of long-term debt
-€2,853
Contributions, distributions and other
-€50,000
Cash 2025
€596,646
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,076,626 | €1,970,343 | -€106,282 | -5.1% |
| Fixed assets | 21/28 | €522,359 | €485,306 | -€37,053 | -7.1% |
| Intangible fixed assets | 21 | €2,755 | €1,037 | -€1,718 | -62.4% |
| Tangible fixed assets | 22/27 | €516,684 | €481,349 | -€35,335 | -6.8% |
| Land and buildings | 22 | €498,007 | €473,986 | -€24,021 | -4.8% |
| Plant, machinery and equipment | 23 | €3,772 | €2,352 | -€1,420 | -37.6% |
| Furniture and vehicles | 24 | €14,905 | €5,011 | -€9,894 | -66.4% |
| Financial fixed assets | 28 | €2,920 | €2,920 | = | 0.0% |
| Current assets | 29/58 | €1,554,267 | €1,485,037 | -€69,230 | -4.5% |
| Amounts receivable after more than one year | 29 | €396,971 | €377,292 | -€19,678 | -5.0% |
| Other amounts receivable | 291 | €396,971 | €377,292 | -€19,678 | -5.0% |
| Amounts receivable within one year | 40/41 | €632,015 | €509,753 | -€122,262 | -19.3% |
| Trade receivables | 40 | €443,670 | €405,052 | -€38,618 | -8.7% |
| Other amounts receivable | 41 | €188,345 | €104,701 | -€83,644 | -44.4% |
| Cash at bank and in hand | 54/58 | €521,235 | €596,646 | +€75,411 | +14.5% |
| Deferred charges and accrued income | 490/1 | €4,046 | €1,345 | -€2,700 | -66.8% |
| Total equity and liabilities | 10/49 | €2,076,626 | €1,970,343 | -€106,282 | -5.1% |
| Equity | 10/15 | €204,835 | €326,548 | +€121,713 | +59.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €142,988 | €142,988 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €141,128 | €141,128 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,248 | €164,960 | +€121,713 | +281% |
| Amounts payable | 17/49 | €1,871,790 | €1,643,795 | -€227,995 | -12.2% |
| Amounts payable after more than one year | 17 | €366,686 | €338,568 | -€28,118 | -7.7% |
| Financial debts | 170/4 | €366,686 | €338,568 | -€28,118 | -7.7% |
| Amounts payable within one year | 42/48 | €1,374,232 | €1,305,227 | -€69,005 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €29,224 | €26,370 | -€2,853 | -9.8% |
| Trade debts | 44 | €1,274,437 | €1,146,860 | -€127,577 | -10.0% |
| Suppliers | 440/4 | €1,274,437 | €1,146,860 | -€127,577 | -10.0% |
| Taxes, remuneration and social security | 45 | €19,489 | €71,449 | +€51,959 | +267% |
| Taxes | 450/3 | €19,489 | €57,950 | +€38,461 | +197% |
| Remuneration and social security | 454/9 | - | €13,499 | +€13,499 | |
| Other amounts payable | 47/48 | €51,082 | €60,548 | +€9,466 | +18.5% |
| Accrued charges and deferred income | 492/3 | €130,872 | - | -€130,872 | |
| Remuneration, social security and pensions | 62 | €63,450 | €53,928 | -€9,522 | -15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,321 | €37,053 | -€5,269 | -12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €274,143 | +€274,143 | |
| Other operating charges | 640/8 | €5,462 | €6,892 | +€1,431 | +26.2% |
| Gross operating margin | 9900 | €166,738 | €591,139 | +€424,401 | +255% |
| Operating profit (loss) | 9901 | €55,505 | €219,123 | +€163,618 | +295% |
| Financial income | 75/76B | €10,284 | €10,374 | +€90 | +0.9% |
| Recurring financial income | 75 | €10,284 | €10,374 | +€90 | +0.9% |
| Financial charges | 65/66B | €20,847 | €16,600 | -€4,247 | -20.4% |
| Recurring financial charges | 65 | €20,847 | €16,600 | -€4,247 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €44,942 | €212,897 | +€167,955 | +374% |
| Income taxes | 67/77 | €18,127 | €41,184 | +€23,058 | +127% |
| Profit (loss) for the period | 9904 | €26,815 | €171,713 | +€144,898 | +540% |
| Profit (loss) for the period to be appropriated | 9905 | €26,815 | €171,713 | +€144,898 | +540% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.